$10,000 Closing Credit*
$1,399,000
5 Beds
•4 Full Baths
Listing Office: WEICHERT REALTORS
Is East Hanover, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, East Hanover has remained a Seller's Market.
Key Takeaway
East Hanover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Hanover, NJ
How much do homes in East Hanover, NJ cost?
Median Sold Price
$760,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$125,000(+19.7%)
Key Takeaway
Homes in East Hanover have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in East Hanover was $760,000 in December 2024, up 19.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $256.2K | +122.8% |
| 2 Bedrooms | $487.5K | $475K | -2.6% |
| 3 Bedrooms | $622.5K | $655K | +5.2% |
| 4 Bedrooms | $766K | $850K | +11.0% |
| 5+ Bedrooms | $985K | $995K | +1.0% |
Summary: East Hanover housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| East Hanover | $635K | $760K | +19.7% |
| East Hanover Township | $635K | $760K | +19.7% |
| Hanover Township | $590K | $670K | +13.6% |
| Livingston Township | $942.6K | $1.0M | +11.4% |
| Livingston | $946.5K | $1.0M | +10.9% |
Housing Supply in East Hanover, NJ
How many homes are available in East Hanover, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The East Hanover real estate market had 27 homes for sale in December 2024, a 12.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The East Hanover housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Hanover, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in East Hanover in December 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for East Hanover, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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